Why is employment considered an important economic indicator
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Total nonfarm payroll employment is used as a measure of overall labor market conditions. Job growth is classified as a coincident economic indicator, meaning that job growth rates move closely in line with GDP and the overall economy.
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Total nonfarm payroll employment is used as a measure of overall labor market conditions. Job growth is classified as a coincident economic indicator, meaning that job growth rates move closely in line with GDP and the overall economy.
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